Is the Squeeze on?

04/30/2009 9:43 am EST

Focus: STOCKS

Thomas Aspray

, Professional Trader & Analyst

chart

Despite Monday’s sharp slide, the stock market closed strong again with the A/D line turning up nicely. This should be making the short sellers nervous. It is still a concern that the A/D line, unlike the Summation Index, did make new lows in March. The broadly-based NYSE Composite has resistance at 6000-6300.

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